The Market On Tuesday

  Good morning. It is 66 degrees and cloudy with some sun here in Upstate NY. The ground is wet from all the rain we had on Monday - kicking the ball for the dog is a wet shoe experience. As you know the Zimmerman trial has begun. Whenever we have a situation like this where the lines are drawn between liberals and conservatives over a trial case, we've got a mess. In my opinion, Florida's gun laws which apparently allow people to be judge, jury, and executioner create an atmosphere that I personally do not want to live in. They also seem to create the type of spectacle that this trial will be. The wild west is no longer an exciting place for me right now, I'll choose to remain in mundane NY for the time being.

  At 8:15 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.

  Volatility is the name of the game right now. The market is taking some wild and wide swings mostly in the down direction in recent weeks. The DOW is below its peak high by roughly 1,000 points. For today there appears to be a little bit of pause especially over the state of the Chinese economy, which along with the abatement of quantitative easing is the driving downward force on the indexes. Fundamentally nobody really knows how low it will go or how volatile it all is. One thing that we do know is that change is in the air on a large scale.

CNN: U.S. stocks set for a rebound

...CNNMoney's Fear & Greed Index is deep in extreme fear.

(China's) bank will keep interest rates in check, and that seasonal forces that have driven them higher recently will fade.